The non-fungible token market has seen a surge this week, marked by a significant increase in trading sales volume for ethereum, Solana, and bitcoin NFTs. However, the nft market has gone against the expectations of many cryptocurrency investors amid the recent cryptocurrency market rally, as most investors anticipated a stronger nft bull market.
nft Sales Up 20% This Week
Data collected by Cryptoslam.io, an on-chain market data aggregator, indicates that the global non-fungible token market has seen a positive rise this week. Over the past seven days, the nft market has accumulated a trading sales volume of $458 million, representing a 20% increase over last week.
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The rise in the non-fungible token market has been attributed to the recent rally in the cryptocurrency market, which left the flagship cryptocurrency 'bitcoin' rising above $68,000 levels for the first time in two years. The last time bitcoin reached such highs was in 2021 during the historic general cryptocurrency market, which left Altcoins and NFTs reaching their all-time highs.
bitcoin, the same blockchain network that powers the flagship cryptocurrency bitcoin, has been the most traded blockchain network on the nft market this week. Over the past seven days, bitcoin-based nft collections have recorded a trading volume of $180 million, representing a 38% increase from last week.
ethereum, the most adopted blockchain network in the nft market, has been the second most traded blockchain network in the nft ecosystem this week. Over the past seven days, the ethereum-based nft collection has attracted $165 million in trading sales volume, representing an 11% increase from last week.
Solana, an open source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, has been the third most traded blockchain network in the nft market. In the last seven days, the Solana-based nft collection has recorded a trading volume of $66 million. Solana nft sales volume increased by 12% compared to last week.
BNB Chain and Mythos Chain have been the fourth and fifth blockchain networks in the nft market this week. In the last seven days, the BNB Chain-based nft collection has accumulated a trading volume of $8.7 million, while the Mythos Chain-based NFTs have recorded a sales volume of $7.6 million. .
Best-selling NFTs this week
Source: CryptoSlam.io, Best Selling NFTs in the Last 7 Days
1. Collection of bitcoin ordinals
bitcoin Ordinals, an nft collection created on the bitcoin blockchain network using the Ordinal protocol, is the best-selling nft collection this week. In the last seven days, bitcoin Ordinals has accumulated a trading volume of $45 million. bitcoin Ordinal nft trading sales volume has increased by 48% this week.
2. NodeMonkes nft Collection
NodeMonkes, an nft collection featuring a limited set of 10,000 NFTs hosted on bitcoin blockchain networks, is this week's second best-selling nft collection. Over the past seven days, NodeMonkes' nft collection has amassed $44 million in trading sales volume, which is a 75% increase from last week.
3. CryptoPunks nft Collections
CryptoPunks, an nft collection from digital asset firm Larva Labs that features a limited supply of 10,000 NFTs hosted on blockchain networks, is this week's third best-selling nft collection. In the last seven days, CryptoPunks' nft collection has attracted a trading volume of $24 million. CryptoPunks nft sales volume increased by 187% from last week.
4. $NATCATS Tap nft Collection
$NATCATS, an nft collection created on the bitcoin blockchain network using ordinal theory, is the fourth best-selling nft collection this week. In the last seven days, the $NATCATs nft collection has recorded a trading volume of $11 million. $NATCAT nft sales volume increased by 166% from last week.
5. Pandora nft Collection
Pandora, an nft collection of 10,000 replicants tied to the first tokens created in ERC404, an experimental token standard, has been the fifth best-selling nft collection this week. In the last seven days, the Pandora nft collection has recorded a trading volume of $11.7 million.
Source: CryptoSlam.io, Best Selling NFTs in the Last 7 Days
6. Chubby Penguin nft Collection
Pudgy Penguins, an nft collection featuring a limited edition of 8,888 nft collections hosted on the ethereum blockchain, is the sixth best-selling nft collection this week. In the last seven days, Pudgy Penguins has accumulated a commercial sales volume of $11.4 million. Pudgy Penguins nft sales volume increased by 127% from last week.
7. Bored Ape Yacht Club nft Collection
Bored Ape Yacht Club, an nft collection from digital asset incubation studio Yuga Labs, which features a fixed supply of 10,000 hosted on the ethereum blockchain network, is the seventh best-selling nft collection this week. In the last seven days, Bored Ape Yacht Club has raised a commercial sales volume of $10.4 million.
8. Froganas nft Collection
Froganas, an nft collection featuring a limited edition of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week's eighth best-selling nft collection. In the last seven days, Froganas has recorded a sales volume of 10.2 million dollars. Froganas nft sales volume increased by 37% compared to last week.
9. Ordinal Maxi Biz nft Collection
Ordinal Maxi Biz, an nft collection created on the blockchain network, is the ninth best-selling nft collection this week. In the last seven days, the Ordinal Maxi Biz nft collection has recorded a trading volume of $7.7 million. Ordinal Maxi nft sales volume increased by 211% compared to last week.
10. HychainNodeKey nft Collection
HychainNodeKey, an nft collection created on the ethereum blockchain network, has been the tenth best-selling nft collection this week. Over the past seven days, HychainNodeKey has recorded a trade sales volume of 7.5, closing out our top ten best-selling nft collections this week.
The most expensive NFTs sold this week
CryptoPunks #3100 was the most expensive nft collection sold this week, selling for over $16 million four days ago. LockDeal nft #40081 is another most expensive nft collection sold this week, selling for $416,504 seven days ago. Boogle #071 was the third most expensive nft sold this week, selling for $355,365 three days ago.
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